Our Services

Family Protection
Mortgage Protection
Critical Illness
Income Protection
Funeral Planning

Family Protection

Life insurance – also known as family protection insurance – is a type of insurance which is designed to protect your family from the worst should you pass away. Money can’t stop grief, but it can remove additional financial stress at a tragic time in your family’s life.

Family protection insurance is a life insurance which pays out a lump sum or specified income on the death of the policy holder. This gives a financial buffer to your family members, giving you the peace of mind that they are free from financial strain. A family protection policy could pay for school fees, or pay off a mortgage.

You might feel the added need to take out life insurance when you buy a home, become a parent or become a grandparent. Losing someone close to you can also act as a wake up call to remind you to invest in family protection insurance.

Mortgage Protection

The purpose of mortgage protection insurance is to protect the asset you have a loan on – your home. So, if you were to pass away before you finished paying off your mortgage and during the policy term, your loved ones would be able to continue living in the home, because the insurance would help pay off the rest of the loan 1. 

With this sort of policy, you pay the same premiums for the policy term, and the value of your policy gradually reduces until it reaches £0 once the policy expires – and decreases in line with your mortgage (or other repayment loan). A benefit of decreasing cover, as opposed to level or increasing cover, is that the value of the policy is enough to repay the loan, and the premium is usually lower than for other types of cover. 

Although people may think of decreasing cover as mortgage protection insurance or mortgage life insurance because the benefit is often used to pay off a mortgage, your loved ones can use the money for other living expenses. 

Over 50s

A ‘whole of life’ policy which pays out a cash lump sum when you die providing you’ve had the policy for at least two years. If you die within the first two years and it was not an accident, we will pay back the premiums you have paid to date.

If you do die under our definition of an accident at any time, we will pay out the cash lump sum.

If you are thinking about your old age and don’t want your family to be troubled by the cost of your funeral, over 50s life cover means that you have the advantage of being able to contribute financially to the event.

Critical Illness

Critical illness cover, also known as critical illness insurance, is a long-term insurance policy which covers serious illnesses listed within a policy. If you get one of these illnesses, a critical illness policy will pay out a tax-free, one-off payment. This can help pay for your mortgage, rent, debts, or alterations to your home, such as wheelchair access, should you need it.

Examples of critical illnesses that might be covered include: stroke; heart attack; certain types and stages of cancer; and conditions such as multiple sclerosis.

Some policies will make a smaller payment for less severe conditions, or if one of your children has one of the specified conditions.

Income Protection

If you were unable to work due to illness or injury, income protection insurance could provide you with the financial safety net of a regular replacement income, helping you and your family to cover costs and maintain a good standard of living.

Income Protection policies pay out a set amount of income after a specified period (deferment or ‘waiting period’).

1 in 3 think they can rely on their savings but it would take the average working household 14 years to save their gross annual salary. How long would your savings last?

Funeral Planning

If you were unable to work due to illness or injury, income protection insurance could provide you with the financial safety net of a regular replacement income, helping you and your family to cover costs and maintain a good standard of living.

Income Protection policies pay out a set amount of income after a specified period (deferment or ‘waiting period’).

1 in 3 think they can rely on their savings but it would take the average working household 14 years to save their gross annual salary. How long would your savings last?

Trusts

Trusts are a straightforward legal arrangement that let you leave assets to friends, relatives or whoever you pick to be your beneficiaries. A trust is managed by one or more trustees – family members, friends, or a legal professional – until the trust pays out to your beneficiaries, which can either happen upon your death, or on a specified date such as when a child turns 18.

Your life insurance policy can be put into a trust, which is often referred to as ‘writing life insurance in trust’. One of the main benefits of this approach is that the value of your policy is generally not considered part of your estate.

Control over your assets – if you don’t have a trust, your money might be used to pay off outstanding debts. Putting life insurance in trust gives you greater discretion, as you can decide who to appoint as your beneficiaries and trustees. Setting up a trust is especially important if you’re not married or in a civil partnership, as otherwise, your assets may not transfer to the intended recipient.

Faster access to your money – without a trust, when you die your would-be beneficiaries would need to obtain probate, which can cause delays. With a trust in place, your loved ones could receive the inheritance within a couple of weeks of the death certificate being issued.

Protect your beneficiaries from Inheritance Tax – writing life insurance in trust means the money paid out from your policy should not be considered part of your estate. There are exceptions; for example, you may be liable for an Inheritance Tax charge on the value of the property on each ten-year anniversary. Currently, the standard Inheritance Tax rate is 40%, which is charged on the part of your estate above the £325,000 threshold.